China's Lifted Travel Ban Sparks Surge in Tourism Stocks for Japan and Korea
TL;DR Summary
China has lifted its ban on group tours to more than 70 locations, including popular destinations in Asia-Pacific, Europe, Africa, and North America. This move has given a boost to travel and airline stocks in the region, with South Korean companies experiencing the strongest reaction. Despite the impact of Typhoon Khanun, South Korean airline and travel stocks surged, while Japanese tourism stocks also saw gains. Australian travel stocks remained relatively unchanged. This marks the first time in six years that China is allowing group tours to South Korea, after banning them in 2017.
- China lifts ban on group travel to more than 70 locations, giving a boost to travel stocks CNBC
- China to allow group tours to Japan as early as Thursday Nikkei Asia
- China Allows Group Tours to More Nations The Wall Street Journal
- Japan, Korea Tourism Stocks Rise on Prospect of Chinese Visitors Bloomberg
- View Full Coverage on Google News
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